#megaproject
On Wednesday, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that Egypt’s government debt service has risen to EGP 406.2 bln. This is an increase of EGP 45.5 bln from 2016/17, which saw a government debt service of EGP 370.7 bln. The government debt service is the payment required of the government to pay off its debt for a particular period. As a consequence, why has the government’s debt service increased so dramatically? The most likely answer is…
